Total return carrier Fidelis is being widely talked up as the most likely acquirer of Lloyd’s (re)insurer Ariel,The Insurance Insider understands.
Sources have said that Fidelis is among the small number of companies that have registered an interest in buying into Ariel and entered negotiations, after the carrier’s bankers approached a select group of potential partners.
Ariel has been owned on a 50:50 basis by BTG Pactual and the Abu Dhabi Investment Council (Adic) since 2014…Read more @ Insurance Insider